The concept of memory chips in U.S. stocks fell sharply across the board, Western Digital fell more than 12%, and optical communication stocks generally fell
On July 28, the three major U.S. stock indexes opened with mixed gains and losses. As of 21:50 Beijing time, the Dow rose 0.61%, the Nasdaq fell 1.14%, and the S&P 500 fell 0.25%. In terms of large technology stocks, Apple rose by more than 1% at the beginning of the session. While setting a record high, its market value officially exceeded the US$5 trillion mark. SpaceX’s U.S. stocks fell more than 5%, falling 20% from the IPO price, and evaporating US$1.2 trillion from its peak market value.
On July 28, the three major U.S. stock indexes opened with mixed gains and losses. As of 21:50 Beijing time, the Dow rose 0.61%, the Nasdaq fell 1.14%, and the S&P 500 fell 0.25%. In terms of large technology stocks, Apple rose by more than 1% at the beginning of the session. While setting a record high, its market value officially exceeded the US$5 trillion mark. SpaceX’s U.S. stocks fell more than 5%, falling 20% from the IPO price, and evaporating US$1.2 trillion from its peak market value. In terms of chip stocks, the Philadelphia Semiconductor Index fell by more than 5%, led by the storage sector, Western Digital fell by more than 12%, SanDisk and Seagate Technology fell by more than 11%, and Micron Technology fell by more than 8%. In addition, AMD fell by more than 7%, SK Hynix fell by nearly 7%, and Intel fell by more than 5%. Optical communications stocks generally fell, with Corning falling more than 18%, and Lumentum and Coherent falling more than 11%. Popular Chinese concept stocks had mixed gains and losses. NetEase, JD.com, and Yum China rose more than 2%; 21Vianet fell more than 7%; Xunlei and GDS fell more than 6%; and Canadian Solar fell more than 5%.